Trading U.K stock market using Mark Minervini strategy

Mark has been interviewed by Stocko a couple of times and from some of the comments on various threads there appears to be a few of us using his methods to trade the U.K stock market. I thought it would be useful to have a dedicated thread where we can discuss how well its working.

Personally I have been in cash at least 50% since the end of May and at 95-100% since early October. Getting out of stocks as they roll over has protected me from any real damage.

I'm struggling to find many setups I want to buy so I am developing my "sit out power"

How is everyone else doing?

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You would have to stretch the rules to make it a power play as it has taken well over three (or 5 depending on where you measure 50p) months to double. The recent pullback is tight though. Personally I haven't traded Augean (LON:AUG) because of the risk of the tax issue potentially causing a large gap down unexpectedly.

unwise2,
having just increased my holding I was about to call people's attention to D4T4 when I saw that you'd beaten me to it. Nice one. The diminishing volume prior to big rises is classic MM. He'd probably be thinking about buying about now.

sold out of YETI into the close on friday - fill was 29.60 (entry was 24.52)
This might have a way to run, but i've been selling into strength in 2019 (my post trade analysis has told me this has been the right thing for me - that might change)

I notice that most contributors here use screens based mainly on fundamental measures and then look at the charts. I do it the other way round, scanning the top 1000 UK stocks on Sharescope with a filter based on Minervini's Trend Template (pg 79 first book) then checking out fundamnetals on Stocko. Out of 1000 stocks, over 200 passed the filter at the end of last May, but the number decreased down to 35 at its low point in October/December. The number picked up in February, from 50 to the current 73. Around half ot these have spreads of >2% which I tend to avoid, thus leaving around 30, and most of these are now too extended. I keep a weekly chart of the number in Excel, but it doesn't just "cut and paste" into this box!

@llwydiaid I do something similar, using the trend template plus two lower fundamental screens so as to not constrain things to much. ROCE of >15% and trailing EPS of >15%.. It still produces only 25 stocks in the UK.

MM treats his trend template as non negotiable, so it makes sense to start with that as a filter.

The fundamental side can be more flexible. On O'Neil's Marketsmith they talk about 7/10 for screens as being acceptable if the technicals are right.

Ab Dynamics (LON:ABDP) is typical of the sentiment of the U.K market currently and for the past few months, I bought it on a "cheat" when it broke through 1550p on 23.03.19. It took 8 weeks to reach 1925p and only 2 days to fall from 1875p all the way back to 1551p. I sold half around 1850p and intended to keep the rest for a while, since it's (quickly) fallen all the way back to my buy point I have sold out.

Is Scientific Digital Imaging (LON:SDI) getting close to a Minervini breakout? The SP is near all time highs, it's pulled back 6% in the last few days, the 50MA is above the 100MA although the 200MA is still just above the 100MA. This looks close to reversing in the next few days. Thoughts anyone?
Cheers
Francis